The risk of further downside before a potential bull run to new all-time highs appears significant based on the current market conditions.

Given the data provided and the current market conditions for BTTC (BitTorrent New), here's a comprehensive analysis from the perspective of a serious investor looking to allocate a significant portion of their portfolio:

Current Situation:

Price Trend:

The price of BTTC has been in a downtrend with occasional recoveries, but the overall trend has been downward.

This indicates a lack of sustained bullish momentum.

Market Cap:

The market cap has significantly decreased, stabilizing at a lower level after a peak around October.

This suggests that the market has adjusted to a lower valuation for BTTC.

Netflow/Volume:

The netflow data shows volatility with no clear long-term trend towards inflows, indicating mixed sentiment with short-term trading rather than long-term holding.

Investment Considerations:

Pros:

Potential for Recovery:

Cryptocurrencies are known for their volatility, and BTTC, being linked to the BitTorrent protocol, has a user base and utility that could potentially drive future growth if there are developments or partnerships that increase its adoption.

Undervalued Asset:

If BTTC is currently undervalued due to market sentiment rather than fundamentals, there could be an opportunity for significant gains if the market sentiment shifts positively.

Diversification:

Investing in a cryptocurrency like $BTTC could diversify a portfolio, especially if it's heavily weighted towards more traditional assets or other major cryptocurrencies.